ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 86.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,716 shares of the business services provider’s stock after purchasing an additional 44,726 shares during the quarter. EFG Asset Management North America Corp. owned approximately 0.06% of ExlService worth $4,293,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mather Group LLC. acquired a new stake in ExlService during the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC bought a new stake in shares of ExlService in the 4th quarter valued at approximately $26,000. USA Financial Formulas acquired a new stake in shares of ExlService during the 4th quarter valued at approximately $58,000. VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService during the 4th quarter valued at approximately $58,000. Finally, UMB Bank n.a. lifted its stake in ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

EXLS opened at $46.48 on Tuesday. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The stock has a market cap of $7.54 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The business’s 50 day moving average is $48.70 and its 200-day moving average is $44.52. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In related news, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,351 shares of company stock valued at $2,337,284. Company insiders own 4.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Jefferies Financial Group raised their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus upped their target price on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $47.38.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.